Common use of Conditions Precedent for the Benefit of Lenders Clause in Contracts

Conditions Precedent for the Benefit of Lenders. All conditions precedent to the obligations of the Lenders to make any Loan are imposed hereby solely for the benefit of the Lenders, and no other Person may require satisfaction of any such condition precedent or be entitled to assume that the Lenders will refuse to make any Loan in the absence of strict compliance with such conditions precedent.

Appears in 63 contracts

Samples: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc), Credit Agreement (NPC Restaurant Holdings, LLC)

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Conditions Precedent for the Benefit of Lenders. All conditions precedent to the obligations of the Lenders to make any Loan and of the Issuing Bank to issue Letters of Credit are imposed hereby solely for the benefit of the LendersLenders and the Issuing Bank, and no other Person may require satisfaction of any such condition precedent or be entitled to assume that the Lenders will refuse to make any Loan or that the Issuing Bank will refuse to issue a Letter of Credit in the absence of strict compliance with such conditions precedent.

Appears in 4 contracts

Samples: Credit Agreement (Buckeye GP Holdings L.P.), Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P)

Conditions Precedent for the Benefit of Lenders. All conditions precedent to the obligations of the Lenders to make any Loan or the Issuing Bank to issue, renew or extend any Letter of Credit are imposed hereby solely for the benefit of the LendersLenders and the Issuing Bank, and no other Person may require satisfaction of any such condition precedent or be entitled to assume that the Lenders will refuse to make any Loan or the Issuing Bank to issue, renew or extend any Letter of Credit in the absence of strict compliance with such conditions precedent.

Appears in 2 contracts

Samples: Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co)

Conditions Precedent for the Benefit of Lenders. All conditions precedent to the obligations of the Lenders to make any Loan Loans are imposed hereby solely for the benefit of the Lenders, and no other Person may require satisfaction of any such condition precedent or be entitled to assume that the Lenders will refuse to make any Loan in the absence of strict compliance with such conditions precedent.

Appears in 1 contract

Samples: Credit Agreement (Matador Resources Co)

Conditions Precedent for the Benefit of Lenders. All conditions precedent to the obligations of the Lenders to make any Loan are imposed hereby solely for the benefit of the Lenders, and no other Person may require satisfaction of any such condition precedent or be entitled to assume that the Lenders will refuse to make any Loan in the absence of strict compliance with such conditions precedent. Notwithstanding anything herein or in the other Loan Documents to the contrary, Liens granted in any collateral by any Guarantor shall not secure any obligation in respect of any Excluded Obligation in respect of a Hedge Agreement.

Appears in 1 contract

Samples: Credit Agreement (Contango Oil & Gas Co)

Conditions Precedent for the Benefit of Lenders. All conditions precedent to the obligations of the Lenders to make any Loan the Loans are imposed hereby solely for the benefit of the Lenders, and no other Person may require satisfaction of any such condition precedent or be entitled to assume that the Lenders will refuse to make any Loan the Loans in the absence of strict compliance with such conditions precedent.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Callon Petroleum Co)

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Conditions Precedent for the Benefit of Lenders. All conditions precedent to the obligations obli- gations of the Lenders to make any Loan are imposed hereby solely for the benefit of the Lenders, and no other Person Per- son may require satisfaction of any such condition precedent or be entitled to assume that the Lenders will refuse to make any Loan in the absence of strict compliance with such conditions precedent.

Appears in 1 contract

Samples: Credit Agreement (NPC Restaurant Holdings, LLC)

Conditions Precedent for the Benefit of Lenders. All ----------------------------------------------- conditions precedent to the obligations of the Lenders to make any Loan are imposed hereby solely for the benefit of the Lenders, and no other Person may require satisfaction of any such condition precedent or be entitled to assume that the Lenders will refuse to make any Loan in the absence of strict compliance with such conditions precedent.

Appears in 1 contract

Samples: Credit Agreement (Aroc Inc)

Conditions Precedent for the Benefit of Lenders. All conditions precedent to the obligations of the Lenders to make any Loan are imposed hereby solely for the benefit of the Lenders, Lenders and no other Person may require satisfaction of any such condition precedent or be entitled to assume that the Lenders will refuse to make any Loan in the absence of strict compliance with such conditions precedent.

Appears in 1 contract

Samples: Credit Agreement (Callon Petroleum Co)

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